SeaIntel: 43 percent rate erosion in six weeks calls for action

In six weeks, the container rates on Asia-Europe have gone down a total of USD 605 per container, or a total of 43 percent. Completely unsustainable, says SeaIntel.
Photo: Hapag-Lloyd
Photo: Hapag-Lloyd
BY TOMAS KRISTIANSEN

Last week's drop of 6.5 percent in the Shanghai Container Freight Index means that the leading index has now decreased 43 percent in just six weeks, or USD 605 per container.

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